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Taxation with Representation in Missouri

So I was minding my own business, sitting in the Missouri State Capitol building, in Jefferson City Missouri.

A Republican State Senator, Rob Schaaf, had just introduced a bill to allow any citizen of Missouri who paid state income tax to get a credit of up to $100 against his or her state taxes for certain political contributions. That basically means that a lot of people would be able to make political donations (of up to $100 per year per taxpayer) at zero cost to themselves.

This might make it possible for people to be elected to the Missouri state legislature without needing friends who are rich real estate developers in need of favors. As we look at the power structures in our country today, it is clear that the equilibrium has been upset. Too few elites hold too much power, and they are using it to amass even more power – not to represent the people. Sen. Schaaf’s bill is a critical step towards righting this imbalance. The tax credit will help empower regular Americans.

Mike Kehoe, part of the Republican leadership, and the Chair of the Rules Committee ran the hearing. After the sponsor and a few other Missouri political leaders had testified, Senator Kehoe asked if anyone else in the room wanted to speak.

I stood up, walked up to the microphones, identified myself, and told them that I represent the Patriotic Millionaires, a group of wealthy business people and investors, and that giving all citizens the kind of access to political leaders that is currently enjoyed by the wealthy, is actually in our own enlightened self interest.

By encouraging small dollar donations, the bill tips the scale back towards the voice of the American people, and away from the megaphone of wealthy special interests. And the thing is, generally what is good for the entire population is also good for the wealthy.

I could only speak for a minute or two, because I had a meeting with Eric Greitens, the 56th Governor of Missouri. Governor Greitens listened, and hopefully will support the bill.

Spending one day in Missouri to testify for this bill may help it pass, which in turn will help the ordinary citizens of Missouri ensure they are electing officials who will be held accountable to the will of the people, not to the will of big monied interests.

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Proud “traitors to their class,” members of the Patriotic Millionaires are high-net worth Americans, business leaders, and investors who are united in their concern about the destabilizing concentration of wealth and power in America. The mission of The Patriotic Millionaires organization is to build a more stable, prosperous, and inclusive nation by promoting public policies based on the “first principles” of equal political representation, a guaranteed living wage for all working citizens, and a fair tax system:
1. All citizens should enjoy political power equal to that enjoyed by millionaires;
2. All citizens who work full time should be able to afford their basic needs;
3. Tax receipts from millionaires, billionaires and corporations should comprise a greater proportion of federal tax receipts.

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The Patriotic Millionaires is a group of high-net worth Americans who are committed to building a more prosperous, stable, and inclusive nation. The group focuses on promoting public policy solutions that encourage political equality; guarantee a sustaining wage for working Americans; and ensure that millionaires, billionaires, and corporations pay a greater percentage of taxes.